BitFuFu Q2 revenue falls 63% to $42.8 million
Full story: https://grafa.com/en/news/united-states/bitfufu-q2-2026-revenue-42-8-million-net-loss
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BitFuFu reported Q2 2026 revenue of $42.8 million, down 62.9% from $115.4 million a year earlier.
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BitFuFu shares were up 11.3% at $1.45 in pre-market trading following the earnings release.
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The company said managed hashrate had recovered to approximately 20 EH/s by mid-August after falling to 15.3 EH/s at June 30.
BitFuFu (NASDAQ:FUFU) reported Q2 2026 revenue of $42.8 million, down 62.9%, while net income swung to a $20.5 million loss.
Cloud Mining Solutions revenue fell 73.6% to $24.9 million, while self-mining generated $14 million and Hosting and Other revenue increased to $3.9 million.
Adjusted EBITDA was negative $18.4 million as a $16.9 million digital-asset fair value loss replaced a $43.4 million gain a year earlier.
BitFuFu said managed hashrate recovered to about 20 EH/s by mid-August.
Following the announcement, BitFuFu share price was up 11.3% at $1.45 in pre-market trading.
BitFuFu ended June with $119.5 million of cash and digital assets, 1,671 BTC and 15.3 EH/s of managed hashrate, versus 25.9 EH/s at March 31.
The company produced 112 BTC in July and held 1,314 BTC at month-end, while managed hashrate stood at 14.2 EH/s before its subsequent mid-August recovery.
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